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Payoneer postpones full-year 2025 guidance and seeks a buyer


Published on 2025-05-09 09:26:40 - Fortune
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  • Payoneer in November had a $4.24 billion market cap but has seen that drop by near one-third

Payoneer, a global payment and fintech company, has reported a significant increase in its sales and transaction volumes in the first quarter of 2025, driven by a surge in cross-border payments and the expansion of its services to small and medium-sized enterprises (SMEs) worldwide. The company's strategic acquisitions and partnerships have bolstered its position in the competitive fintech market, allowing it to capitalize on the growing demand for digital payment solutions. Additionally, Payoneer's successful navigation of the regulatory landscape and its focus on enhancing its technological infrastructure have contributed to its robust performance. The article also discusses the broader trend of fintech companies, including those that went public via SPACs (Special Purpose Acquisition Companies), seeking mergers and acquisitions to strengthen their market presence and capabilities.

Read the Full Fortune Article at:
[ https://fortune.com/2025/05/09/payoneer-payments-fintech-spacs-blank-check-companies-sales-mergers/ ]